Hilary J. Spann Sells 12,379 Shares of Boston Properties, Inc. (NYSE:BXP) Stock

Boston Properties, Inc. (NYSE:BXP) EVP Hilary J. Spann sold 12,379 shares of Boston Properties stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $72.02, for a total transaction of $891,535.58. Following the transaction, the executive vice president now owns 7,271 shares of the company’s stock, valued at $523,657.42. This represents a 63.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Boston Properties Stock Performance

Shares of BXP stock opened at $72.38 on Friday. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of 723.83, a P/E/G ratio of 0.52 and a beta of 1.18. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.51 and a current ratio of 5.69. Boston Properties, Inc. has a 52 week low of $56.46 and a 52 week high of $90.11. The firm’s 50-day simple moving average is $75.11 and its two-hundred day simple moving average is $76.80.

Boston Properties (NYSE:BXP) last announced its quarterly earnings data on Tuesday, January 28th. The real estate investment trust reported $1.79 EPS for the quarter, topping the consensus estimate of $0.51 by $1.28. Boston Properties had a net margin of 0.38% and a return on equity of 3.90%. As a group, equities analysts forecast that Boston Properties, Inc. will post 6.89 earnings per share for the current year.

Boston Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Tuesday, December 31st were given a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend was Tuesday, December 31st. Boston Properties’s dividend payout ratio is 3,920.39%.

Institutional Trading of Boston Properties

Hedge funds have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd raised its position in shares of Boston Properties by 5,025.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 615 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 603 shares during the period. Brooklyn Investment Group bought a new stake in shares of Boston Properties in the third quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Boston Properties by 61.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,438 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 547 shares during the period. Centaurus Financial Inc. bought a new stake in shares of Boston Properties in the second quarter valued at approximately $116,000. Finally, Sound Income Strategies LLC raised its position in shares of Boston Properties by 34.4% in the third quarter. Sound Income Strategies LLC now owns 3,210 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 821 shares during the period. Institutional investors own 98.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BXP shares. Truist Financial lifted their price objective on shares of Boston Properties from $77.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Mizuho reduced their price objective on shares of Boston Properties from $92.00 to $86.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Wedbush cut shares of Boston Properties from a “hold” rating to a “strong sell” rating in a report on Thursday, January 30th. Jefferies Financial Group reduced their price objective on shares of Boston Properties from $93.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Compass Point upgraded shares of Boston Properties from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $88.00 in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Boston Properties has a consensus rating of “Hold” and an average target price of $82.23.

Boston Properties Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.